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144
Jan 19, 2013
01/13
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congress approves spending by creating bills and passing them into law, but instead of paying for them immediately, they give the treasury the power to borrow money to pay the bills. virtually used nowhere else in the world. last year the u.s. government spent $3.8 trillion. two-thirds of that roughly came from revenue. that's mostly taxes, $2.5 trillion. rest was a shortfall. we had to boar reit. $1. 3 trillion. that is the deficit. you take the sum total of those annual deficits and enter oast on them and that creates the national debt which right now is about 16.4 and change trillion dollars. now, the u.s. treasury is empowered to borrow money to make up the shortfall between revenue and expenses, the deficit. but only up to a certain limit. that's the debt ceiling. treasury does not make decisions about how the money is spent. they are simply empowered in this case to write the checks to pay the bills that are already incurred by your democratically elected congress. now that we've hit the debt limit, exceeded it a little bit, the treasury has two options. they can fiddle around wi
congress approves spending by creating bills and passing them into law, but instead of paying for them immediately, they give the treasury the power to borrow money to pay the bills. virtually used nowhere else in the world. last year the u.s. government spent $3.8 trillion. two-thirds of that roughly came from revenue. that's mostly taxes, $2.5 trillion. rest was a shortfall. we had to boar reit. $1. 3 trillion. that is the deficit. you take the sum total of those annual deficits and enter...
131
131
Jan 22, 2013
01/13
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our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. for if we are truly created equal, surely the love we commit to one another must be equal as well. >> today's inaugural poem came from richard blanco, a cuban american who says negotiating his identity as an american and as a gay man is the wellspring of his poetry. he said he has lived the american dream as being named the fifth inaugural poet. here's part of the poem he read today to the president and to the world. >> we head home through the gloss of rain or weight of snow or the plum blush of dusk, but always, always home, always under one sky, our sky. and always one moon like a silent drum tapping on every rooftop and every window of one country. >> richard blanco joins me now. what a day this must have been for you. the first latino american to read a poem at this inaugural, the first gay american to do that. what was it like? >> the actual event was just amazing. what i've come away with, of course, i've never done this before. the platform actually seemed very intimate, and
our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. for if we are truly created equal, surely the love we commit to one another must be equal as well. >> today's inaugural poem came from richard blanco, a cuban american who says negotiating his identity as an american and as a gay man is the wellspring of his poetry. he said he has lived the american dream as being named the fifth inaugural poet. here's part of the poem he read today...
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106
Jan 24, 2013
01/13
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but, it's not enough to change the law. we need cops on the beat to enforce the law. that's why today i am nominating mary jo white to lead the securities and exchange commission and richard cord ray to continue leading the consumer financial protection bureau. this guy is bothering me here. as a young girl, mary jo white was a big fan of the hardy boys. i was too, by the way. as an adult she built a career the hardy boys could only dream of. over a decade as a u.s. attorney in new york, she helped prosecute white collar criminals and money launderers. in the 90s, she brought down john gotti, the head of the gambino crime system and brought to justice the terrorists for bombing the world trade center and american embassies in africa. that's a pretty good run. you don't want to mess with mary jo. as one former chairman said, mary jo does not intimidate easily. that's important because she has a big job ahead of her. the sec played a in protecting our financial system in the worst of the financial crisis, but there is much more work to be done to cleat the task of refor
but, it's not enough to change the law. we need cops on the beat to enforce the law. that's why today i am nominating mary jo white to lead the securities and exchange commission and richard cord ray to continue leading the consumer financial protection bureau. this guy is bothering me here. as a young girl, mary jo white was a big fan of the hardy boys. i was too, by the way. as an adult she built a career the hardy boys could only dream of. over a decade as a u.s. attorney in new york, she...
621
621
Jan 21, 2013
01/13
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robinson, the mother-in-law of the president. she played a really critical role in helping to raise these girls. she lives in the white house with the first family. she's really been deeply involved in almost every aspect of their lives and nice thing to see. anderson, here on capitol hill, it is very exciting. >> accompanied by mr deputy cle representatives, robert reeves. >> dr. jill biden being introduced. she is walking down. exciting moment important her as well. i was saying, close here, it is exciting. you you are further away. the crowd is jam-packed. i have to tell you. >> it is jam packed. all down the national mall. even those who can't see very up close what's happening. will is a lot of excitement and lot of people waving flags. milling around talking to eve other. happy to be here and happy to witness history in the making. so many people from all around the country wanted to be here on this day. as john king pointed out the roud is not as large as four years ago but they are standing shoulder to shoulder eag to see
robinson, the mother-in-law of the president. she played a really critical role in helping to raise these girls. she lives in the white house with the first family. she's really been deeply involved in almost every aspect of their lives and nice thing to see. anderson, here on capitol hill, it is very exciting. >> accompanied by mr deputy cle representatives, robert reeves. >> dr. jill biden being introduced. she is walking down. exciting moment important her as well. i was saying,...